Ink Protocol and MakerDAO Bring Reputation and Stability to Buying and Selling with Cryptocurrency

We are excited to announce our partnership with MakerDAO to bring Dai as a supported payment method on Ink Pay.

Gee-Hsien Chuang
Sep 24, 2018 · 3 min read
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Starting today, buyers and sellers can send and receive payments on Ink Pay with Dai, a stable value coin that is pegged to the US dollar. Dai is developed by our friends at MakerDAO, and is a collateral backed stablecoin that has shown consistent and sustained price stability.

“At MakerDAO, we understand that for cryptocurrencies to gain adoption at scale, people and organizations need a stable and secure way to transact with each other. That’s one of the reasons we created Dai,” said Rune Christensen, CEO and co-founder of MakerDAO. “Integrating Dai with Ink Pay is a great step toward enabling day-to-day transactions on the blockchain.”

Stability is Key for Peer-to-Peer Payments

“To achieve mainstream adoption as a method of payment, a cryptocurrency needs to be an effective medium of exchange and store of value,” says Gee-Hwan Chuang, Co-Founder/CEO at Ink Protocol. “Dai addresses both of these needs flawlessly.”

Get Started with Dai Payments

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Like XNK, Dai lives on the Ethereum network as an ERC20 token, and is available on many top exchanges. Dai can also be newly minted by anyone who provides the required collateral. To get started with Dai payments on Ink Pay, all you need is some Dai in your existing Metamask or Coinbase Wallet!

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Ink Protocol provides trusted peer-to-peer transactions on…

Gee-Hsien Chuang

Written by

Head of Product at Listia / Ink Protocol

The Ink Protocol Blog

Ink Protocol provides trusted peer-to-peer transactions on any platform. Securely buy & sell anywhere with transferable reputation & decentralized escrow using XNK. Read our blog for all the latest news and updates.

Gee-Hsien Chuang

Written by

Head of Product at Listia / Ink Protocol

The Ink Protocol Blog

Ink Protocol provides trusted peer-to-peer transactions on any platform. Securely buy & sell anywhere with transferable reputation & decentralized escrow using XNK. Read our blog for all the latest news and updates.

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